Management Thoughts for Entrepreneurs

Have you taken the time to analyze your business from a risk point of view? What are the areas that pose the highest risk to your company? How do you manage or mitigate such risks?

Entrepreneurs should take time periodically to critically examine the various risks that affect your operations. There should be a formal process to analyze and prioritize each risk category and develop plans to mitigate or eliminate such risks.

While such analysis takes time away from your normal business responsibilites, it creates a critical area for failure in the event you do not manage such major risks.